the project is pending for the construction license approval process of the project, which delays due to change in policy on procedure and the license approval process of the licensing agency, which is
from longer daylight hours following a change in season, albeit seeing an increase in rainfall from the previous quarter. 2. The solar power plant project in Japan recorded an increase in electricity
Shareholders No. 1/2018 (Record Date), as well as to amend, change or determine the date, time and venue of the Extraordinary General Meeting of Shareholders No. 1/2018 if the Company faces any problem in
Management Discussion and Analysis Q3/2019 Financial Result Summary Q3/ 2019 Q3/19 Q3/18 Change +/(-) 9M/19 9M/18 Change +/(-) (in THB mm) YoY 9M Revenue from Sales and Services 57.4 54.3 6% 146.9
increased in-line with the additional net result. Balance Sheet Summary as of 30 September 2018 compared to 31 December 2017: Unit: Million Thai Baht (THB) 30th Sep 2018 31st Dec 2017 YoY change YoY % change
margin (%) 65.5% 62.6% (2.9%) EBITDA margin (%) 31.6% 26.4% (5.2%) Net profit margin (%) 20.9% 5.9% (15.0%) Number of branches as at Mar 31 36 39 8% Change +/(-)Q1/19 Q1/20 Operating highlight in Q1/2020
expectations. On the cost side a major external factor was the change in Thai legislative environment, which made it necessary to build major additional retirement provision in Q2. On top of the external factors
the change rate in profit and revenue of Q1–2023 and Q4–2022, it found that the decrease rate in profit decreased by 12.9%, which is less than the decrease in revenue, which was 25.0%. This is because
profit margin of the Company was derived from a significant drop in overseas sales revenue as well as cost of goods sold that adjusted upward slightly from the change in production plan. Selling expenses
revenue. In terms of the profit of Q3–2021 changes in line with the change in revenue, when compare to Q2–2021 and Q3–2020. The decreased rate in profit was less than the decreased rate in revenue. This is